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Why Not Give the Top 5% One Trillion Dollars?

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DemocracyInaction Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 02:45 PM
Original message
Why Not Give the Top 5% One Trillion Dollars?
I'm serious. It's time to put 'money' and 'mouth' together. Take the top 5% wealthiest in the nation and have them divide up one trillion dollars of our tax money...of course, tax free or else you will hear them fucking bitch forever! Now here's the challenge:

They are given 6 weeks (just like they gave Obama)to turn the economy around and make everything all better. Hell, I'll even give them 8 weeks. If they succeed, it's a trillion well spent. If they fail, they must return the trillion with INTEREST.

Hey, they keep telling us how Obama doesn't know shit about economics but that they have all the solutions and could fix it in a snap. (Hmmm, why do I have the feeling that for the first time, the rich bastards would turn down the loot...because they have no fucking idea what to do and their only mission is to talk Obama into the sewer so that they aren't, gasp, t-t-taxed.)
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Nicholas D Wolfwood Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 02:47 PM
Response to Original message
1. If the interest is compounded daily at a rate equivalent to those payday loans, sure. (nt)
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Fresh_Start Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 02:52 PM
Response to Reply #1
2. only if you can keep them and the money inside the US
if you let them and the money out of the country, you'll never see either of them again
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Nicholas D Wolfwood Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 02:53 PM
Response to Reply #2
3. It ain't gonna happen either way, frankly.
But the OP's got a good point - there's no way they'd accept such an offer because when you get right down to it, they know they don't really know jack shit either.
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DemocracyInaction Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 02:55 PM
Response to Reply #2
4. Okay, modification
We chain them to the pillars down on Wall Street and they can keep wiping the pidgeon shit off while they play "masters of the universe". Or chain them to that Bull statue down there and watch them ride us to prosperity!!!
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CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:10 PM
Response to Original message
5. Again?
They haven't accounted for the first trillion yet.
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:27 PM
Response to Reply #5
9. Open up those secret offshore bank accounts (Cayman, Switzerland, Lichtenstein)
I think we'll find the first trillion...
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:16 PM
Response to Original message
6. Some experts say that about 4 Trillion dollars has already been given to the top 1%
Edited on Mon Mar-09-09 03:16 PM by truedelphi
Some experts say its 8 Trillion.

That first TARP payment of 700 Billion was actually the second BailOut payment. The rich had already been given various amounts between August of 2007 and September of 2008, such that they were equal to or slightly more than what We the People thought was the "first" BailOut. And we have been offering trillions more to buy off the "toxic assets"

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anonymous171 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:22 PM
Response to Original message
7. They would just take it and run. They are all greedy selfish little fuckers. nt
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:26 PM
Response to Original message
8. I thought we already did, eight years ago when Bush turned the budget
surplus into tax cuts for the wealthy. The trickle down theory didn't work very well over the years didn't it getting us to where we are now? I would love to get that surplus back with interest, maybe 33% interest like they charge on our credit cards.
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treestar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:28 PM
Response to Original message
10. We don't even need to give them anything
They are so talented, why don't they invest in what will be marketable? isn't that their area of expertise? :rofl:
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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:31 PM
Response to Original message
11. I've got a better plan- Give me 1/2 that to by puts on all US stocks
Given my investing history, it is a sure fire way to get the stock market and economy roaring upwards in record time....
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tech3149 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 03:59 PM
Response to Original message
12. I can see your premise, but these are the A**holes that caused the
problem. I don't think they are smart enough or their ideas solid enough to justify their conclusion. I see two ways of dealing with the situation. First, let them have their way and let the last twelve years go into overdrive. They won't just bust the country, but the world. This would provide some serious pain and make us the enemy of every other nation, like those guys who used to be our Big Bud's. If they were selling war and confrontation, I'd bet they were invested in those that would profit from a big ol' war. I think we could track that down through investments and political contributions.

If you look at how much these financial geniuses have been right over the last decade and think they were right, you should be playing 3 card on 52nd St.

But Hey, might be they are that smart but they misrepresent their interest
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JSK Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 05:50 PM
Response to Original message
13. We've already done that over the last 28 years
with tax cuts and deregulation. That's how we got where we are today, isn't it?
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Marsala Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 11:52 PM
Response to Original message
14. I'd rather take $1 trillion from them, thanks
Which would only be them finally paying their fair share.
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ddeclue Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 11:54 PM
Response to Original message
15. Not to put too fine a point on it but: Wasn't this tried already and called the TARP plan?
Been there and done that under Bush...

:rofl:
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busymom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 12:13 AM
Response to Original message
16. Here I am playing devil's advocate again, but...
Why not follow the idea through like this: Give the top 5% of income EARNERS (not sleezy banks etc) who already PAY more percentage wise in taxes the same tax cut that you are giving everyone else and see if they stimulate the economy by going out and buying more things...enabling businesses to sell their products, etc.

I don't think it's a bad idea. I don't suggest just handing them 1 trillion to split up, but fair is fair...everyone in this country who works for their money should get a tax break....why should we punish people for earning more? Do we know what their jobs are and how hard they work and how many years of school/and the student loan debt that they carry?

Not every person who earns a little bit more is some sort of evil responsible for the collapse of this country. I can tell you though that when we start taxing those people who can afford to travel or buy flat screen tv's and take away more of their disposable income it is a disincentive to work hard and achieve more (like it would be for all of us if Obama stepped in and said that we all have to suck it up and pay a little more) and less people would be buying the top dollar products like cars, etc.

I think we're cutting off our noses to spite our face and we're villifying the wrong people.

Kris
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